科沃斯机器人股份有限公司 会计师事务所选聘制度 二〇二五年四月 | . | 4 | | --- | --- | | | . | | | œ | | 附 | 则 6 | | --- | --- | | 第六章 | | 科沃斯机器人股份有限公司 会计师事务所选聘制度 第一章 总 则 第二章 会计师事务所执业质量要求 1 第一条 为规范科沃斯机器人股份有限公司（以下简称"公司"）会计师 事务所的选聘（包括新聘、续聘、改聘，下同）管理与相关信 息披露，确保公司聘用合格的会计师事务所，保证财务信息的 真实性和连贯性，根据有关法律法规和《公司章程》的相关规 定，结合公司具体情况，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据有关法律法规要 求，聘任会计师事务所对公司财务会计报告发表审计意见、出 具审计报告及内部控制报告的行为。公司下属全资或控股子公 司不再单独选聘会计师事务所。公司选聘执行会计报表审计业 务的会计师事务所相关行为，应当遵照本制度选聘程序，披露 相关信息。选聘其他专项审计业务的会计师事务所，视重要性 程度可参照本制度执行。 第三条 公司选聘会计师事务所应经董事会审计委员会（以下简称"审 计委 ...

章 程 二〇二五年四月 | 第一章 | 总则 - | 1 - | | --- | --- | --- | | 第二章 | 经营宗旨和范围 - | 2 - | | 第三章 | 股份 - | 3 - | | 第一节 | 股份发行 | - 3 - | | 第二节 | 股份增减和回购 | - 6 - | | 第三节 | 股份转让 | - 7 - | | 第四章 | 股东和股东会 - | 8 - | | 第一节 | 股东的一般规定 | - 8 - | | 第二节 | 控股股东和实际控制人 - | 11 - | | 第三节 | 股东会的一般规定 - | 12 - | | 第四节 | 股东会的召集 - | 14 - | | 第五节 | 股东会的提案与通知 - | 16 - | | 第六节 | 股东会的召开 - | 17 - | | 第七节 | 股东会的表决和决议 - | 20 - | | 第五章 | 董事会 - | 24 - | | 第一节 | 董事的一般规定 - | 24 - | | 第二节 | 独立董事 - | 27 - | | 第三节 | 董事会 - | 32 - | | 第四节 | 董事会专门委员会 - | 35 ...

转债代码：113633 转债简称：科沃转债 证券代码：603486 证券简称：科沃斯 公告编号：2025-006 科沃斯机器人股份有限公司 截至本公告披露日，公司公开发行可转换公司债券募集资金多智慧场景机器人 科技创新项目购买的理财产品已全部到期并赎回，理财专户内资金已转回募集资金 专项账户。鉴于公司无继续在该理财专户购买理财产品的计划，根据《上海证券交 易所上市公司自律监管指引第 1 号——规范运作》的相关规定注销部分理财专用结 算账户并已完成注销手续，具体如下： | 户名 | 开户银行 | 账号 | | --- | --- | --- | | 科沃斯家用机器人有限公司 | 中国银行股份有限公司苏州吴中支行 | 504077891877 | | 科沃斯家用机器人有限公司 | 中国建设银行股份有限公司苏州吴中支行 | 32250199753600003727 | | 科沃斯家用机器人有限公司 | 中国农业银行股份有限公司苏州吴中支行 | 10538201040188729 | | 科沃斯家用机器人有限公司 | 苏州银行股份有限公司苏州分行营业部 | 51816200001407 | 1 特此公告。 科沃斯机器 ...

Industry Overview - The lawn mower robot market has rapidly evolved, experiencing significant financing, entry, and exit of major players within just three years, with a market size of billions [2] - The global market for lawn mower robots is still in its infancy, with only about one million units sold compared to traditional lawn mowers [1][2] - Major companies like Ninebot, Ecovacs, and others have seen substantial increases in overseas sales, with Ninebot's Navimow generating nearly 600 million RMB in revenue in the first three quarters of 2024 [2] Challenges for Startups - Startups face significant challenges, including tight funding and the inability to achieve scale production, which deters investors due to lack of revenue visibility [4][5] - The average cost for a startup to reach a production scale is estimated to be around 100 million RMB, with initial stages requiring 30-40 million RMB for development and testing [6][7] - Recruitment is difficult for startups due to the industry's novelty and the limited pool of experienced talent, leading to challenges in building effective teams [5][7] Competitive Landscape - The industry is characterized by a fierce competition for funding, with hardware startups needing substantial capital to survive and grow [3][8] - Price wars are emerging, but quality and brand value are also critical factors influencing consumer choices, especially in overseas markets [10][11] - Major players are focusing on product quality and long-term planning rather than rushing to market, which reflects a more cautious investment approach [11] Technological Developments - The industry is exploring various technological solutions, with many companies opting for RTK (Real-Time Kinematic) positioning due to its maturity and accuracy in most scenarios [14][16] - However, some startups are focusing on visual solutions to reduce costs and improve adaptability in various environments, believing this approach can yield better long-term results [16][17] - Current visual solutions can effectively handle about 80% of tasks, utilizing multiple cameras for comprehensive coverage, which enhances performance in diverse conditions [18]

Core Insights - The humanoid robot industry is expected to transition from the formation phase to the expansion phase, with significant acceleration in industrial development anticipated by 2025, marking a potential year for commercial mass production of humanoid robots [1][2] - The first batch of national standards for humanoid robots has been officially established, and the index for the robot industry has undergone a significant revision, with humanoid robot-related companies now accounting for over 50% of the index weight, reaching 53% [1][4] - The E Fund National Robot Industry ETF (159530) has seen its scale increase to 630 million shares this year, with a remarkable growth rate of 313% [1][3] Investment Logic - The humanoid robot sector is poised for a major investment opportunity in 2025, driven by continuous breakthroughs in AGI technology, improved supply chain structures, and growing downstream application demands [2][3] - The National Robot Industry Index has outperformed similar indices, with an annualized return of 7.8% since 2018, exceeding comparable indices by 5.1 percentage points, and a return of 83.7% since the "9.24" market rally in 2024, outperforming peers by 24.7 percentage points [5] Index Composition - The National Robot Industry Index includes companies involved in robot bodies, core components, and other related fields, with the top 50 companies selected based on average daily market capitalization over the past six months [3][4] - Key weight stocks in the index include Shuanghuan Transmission (5.26%), Grepow (4.69%), and Stone Technology (4.43%) [4]

CICC reserves the right to investigate the relevant legal liability. 大家好我是那个中金家电的分析师汤亚伟在线的还有我们的这个分析师张景瑜那今天早上呢也非常感谢各位投资者的介入我们来解读一下就是说在AI和这个人形机器人技术溢出和这个整个的一个技术赋能下如何看扫地机器人这个市场的昨天和明天 那我们今天的电话会应该说主要也分成四个部分来讲我先讲一个整体的框架那么具体的细节由我们锦鱼来给大家做一个详细的讲解总共分成四个部分第一部分是产品端就AI和基层加持下扫地机的产品有核心的迭代趋势我们也看到其实今年扫地机也发了很多的新品像石头的机械手是吧就是一个非常典型的代表 格局观国内和海外的扫地机格局如何演变因为我们看到最近其实像石头之类的其实也加大了整个投入其实整个策略应该说最近半年到一年也发生了很大的变化而且对整个市场可能也其他的品牌也造成了一定的影响第三就是空间端如何看扫地机市场的一个长期趋势第四我们也顺便讲一下洗地机市场海外和国内的一个趋势 那么首先我们来讲一下我们整体的观点,我们是觉得现在整个扫地机行业应该说是面临着技术跃迁和格局演变的一个双重的变 ...

Summary of the Conference Call on Robotic Lawn Mowers Industry Overview - The focus of the conference call was on the robotic lawn mower industry, highlighting significant developments and market dynamics in 2023 and beyond [1][2]. Key Points and Arguments 1. **Market Acceleration**: - The financing for robotic lawn mowers has accelerated significantly in 2023, with notable investments such as $250 million for Bosch and over $2 million for Hanyang Technology in March [2]. - This indicates a rapid penetration of the industry and suggests a competitive landscape that is moving towards a phase of elimination [2]. 2. **Technological Advancements**: - The report discusses various technological paths for cost reduction, including RTK combined with vision, RTK with laser, and RTK with UWB [2]. - The industry is witnessing a stabilization of technology routes, leading to accelerated cost reductions and rapid product integration [2]. 3. **Economic Substitutability**: - The transition from traditional gas-powered mowers to electric mowers and now to robotic mowers reflects a broader trend of automation and labor substitution [3]. - The global market for robotic lawn mowers is estimated to be over $30 billion, with the mower segment nearing $20 billion. Current sales of robotic mowers are only about 1 million units, indicating a penetration rate of approximately 5% [3]. 4. **Market Potential**: - The report likens the current state of robotic lawn mowers to that of robotic vacuum cleaners in 2016, suggesting a pivotal moment for the industry [4]. - Key markets for growth are identified as Europe and the United States, with the potential for significant sales increases in the coming years [3][4]. 5. **Competitive Landscape**: - The leading player in the domestic market is identified as Ninebot, which sold approximately 100,000 units last year and is expected to double its sales to 300,000 units by 2025 [6]. - Other notable companies include Kosi, which sold around 40,000 to 50,000 units last year, and emerging players like Stone and various tool companies that are beginning to enter the market [7]. 6. **Sales Channels**: - The importance of sales channels is emphasized, with online sales accounting for only 20-25% of the market. The offline market remains highly competitive [5]. - The long product lifecycle of lawn mowers necessitates strong after-sales support and installation services [5]. 7. **Future Projections**: - The market for robotic lawn mowers is projected to grow significantly, with estimates suggesting sales could reach 1 million units by 2024 [10]. - The report anticipates a compound annual growth rate (CAGR) of over 50% for the robotic lawn mower segment, with potential sales reaching 4 million units by 2030 [21]. 8. **Cost Reduction**: - The report highlights a potential 30% reduction in costs for robotic lawn mowers, driven by advancements in technology and increased competition [21]. - The average price for these products is expected to fall into the $1,000 to $1,500 range, making them more accessible to consumers [21]. Other Important Insights - The report notes that the U.S. market is expected to dominate the robotic lawn mower segment in the long term, with a projected market share of 60% compared to Europe’s 30% [12]. - The competitive landscape is evolving, with new entrants rapidly gaining market share and traditional players needing to adapt to maintain relevance [24]. - The report concludes with investment recommendations, emphasizing the importance of monitoring key players in the industry, particularly those with established technology and market presence [33]. This summary encapsulates the critical insights and projections regarding the robotic lawn mower industry as discussed in the conference call.

Core Viewpoint - The article discusses the expansion of the company追觅 into the major appliance market, showcasing its new smart products at AWE 2025, including air conditioners, refrigerators, and washing machines, alongside its existing cleaning appliances [1][2]. Industry Overview - The smart cleaning market is entering a phase of stock competition, with a 0.6% year-on-year decline in China's vacuum robot market size in the first half of 2023. However, the global market is expected to grow from 5.5 million units to 5.9 million units from Q4 2023 to Q4 2024, albeit at a slower pace [2][5]. - The home appliance industry is highly competitive, with significant challenges in meeting user demands for smart features, as many products fail to deliver practical benefits [3][4]. - The white goods market is projected to reach a retail value of 907.1 billion yuan in 2024, reflecting a 6.4% year-on-year growth, indicating a larger market potential compared to the smart cleaning segment [6]. Company Strategy - The company追觅 is not the first to diversify into major appliances, as firms seek new growth avenues amid declining demand in the cleaning appliance sector. This strategy aims to reduce reliance on a single product category [9]. - The company leverages its existing technology and sales channels from its cleaning products to enter the major appliance market, utilizing high-speed motors and smart algorithms across different product lines [10][12][15]. - The company has established a robust sales and service network with over 5,500 stores across more than 100 countries, enhancing its ability to compete in the major appliance market [15]. Market Dynamics - The home appliance market is experiencing a significant replacement cycle, with retail sales surpassing 2019 peak levels in the first three quarters of 2024, driven by green consumption policies and a 10-12 year replacement cycle for major appliances [16].

Core Viewpoint - The company has announced a change in the accounting method for its equity investment in Shanghai XianGong Intelligent Technology Co., Ltd., transitioning from the equity method to fair value measurement, which is expected to increase net profit for the first quarter of 2025 by 110.81 million yuan [1][4][5]. Group 1: Change in Accounting Method - The reason for the change in accounting method is due to the restructuring of the board of directors at Shanghai XianGong, resulting in the company no longer having significant influence over it [1][2]. - Prior to the change, the investment was reported as a long-term equity investment using the equity method for subsequent measurement [2]. - After the change, the investment will be classified as a financial asset measured at fair value, with changes recognized in the current profit and loss [2][3]. Group 2: Impact of the Change - The change in accounting method is expected to result in an increase in the company's net profit for the first quarter of 2025 by 110.81 million yuan [4][5]. - The board of directors approved the change with a unanimous vote of 9 in favor, with no abstentions or opposition [5]. - The supervisory board also reviewed and approved the change, confirming compliance with relevant accounting standards and regulations [6][11].